Here's your news Andrew:
CRTC grants approval
Canada Payphone Corporation CPY
Shares issued 5,102,884 Mar 6 close $4.60
Thu 13 Mar 97 News Release
Mr Robert Dalton reports,
Vancouver, British Columbia - Canada Payphone Corporation (VSE:CPY) is
pleased to announce that it has received approval from the Canadian
Radio-Television and Telecommunications Commission (CRTC) to conduct a
technical trial of its advanced intelligent payphones at select locations
in the greater Vancouver area beginning immediately.
"This ground-breaking decision marks the first time the CRTC has clearly
signaled its intention to allow competitive pay telephone services in
Canada", said Mr Robert Dalton, president & CEO of Canada Payphone
Corporation. Mr Dalton went on to say that "during the trial period, we
will be extensively testing the functions and enhanced features of our
intelligent payphones under field conditions and positioning CPC to become
Canada's first independent payphone provider (IPP)."
Canada Payphone Corporation's advanced pay telephones provide such
substantially enhanced benefits and services to customers as to allow
testing of the payphones in field conditions with customer participation,
prior to fully defining the certification requirements and consumer
safeguards established under Telecom Public Notice CRTC 95-36 expected in
the second quarter of 1997.
In its decision - Telecom Order CRTC 97-326, the CRTC has directed BC Tel
to provide Canada Payphone with access to its message relay service, local
directory assistance and long distance directory assistance in accordance
with its tariffs related to business individual line services.
To maximize its opportunity, the company will provide its customers with
the finest, most technically advanced, state-of-the-art intelligent
payphones and services available in the telecommunications marketplace.
The company also announced that it has granted incentive stock options to
directors and employees to acquire, in the aggregate 250,000 common shares
of the capital stock of the company at an exercise price of $3.75 per share
for a period of two years.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com
So Andrew, what do ya' think?
blake |
